Forecast March 2016

Focus Colorado presents forecasts for the economy and state government revenue through FY 2017-18. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Focus Colorado Sections:

An overview of what the revenue forecast means for the General Fund budget, transfers to the State Education Fund, Senate Bill 09-228 transfers to capital construction and transportation, and tax policies available only when there is a certain level of growth in General Fund revenue.

Article X, Section 20 of the Colorado Constitution (TABOR) limits the annual state revenue the state may retain and either spend or save. This section presents the outlook for revenue subject to TABOR, the TABOR limit, and TABOR refunds. In addition, this section describes the mechanisms used to refund revenue in excess of the TABOR limit.

Cash funds are seperate from the state General Fund. Cash funds receive revenue from a specific fee or tax that are set aside to be used for a specific purpose. Major cash fund revenue forecasts include:

Related Publications

The Office of Research and Analysis at Colorado Department of Revenue prepares, every odd-numbered year, a tax profile and expenditure report for the state as required by §39-21-303, C.R.S. This report is to include information identifying and describing tax expenditures administered by the...